Ranger Energy Services Q3 EPS $0.38 Vs. $0.54 YoY, Sales $164.40M Miss $170.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ranger Energy Services reported Q3 earnings per share (EPS) of $0.38, down from $0.54 year-over-year (YoY). The company's sales of $164.40M missed the estimate of $170.25M.
October 31, 2023 | 10:50 am
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NEGATIVE IMPACT
Ranger Energy Services' Q3 earnings and sales missed estimates, which could negatively impact the company's stock price in the short term.
Earnings reports are a significant factor in a company's stock price. Ranger Energy Services' lower than expected Q3 earnings and sales could lead to a decrease in the company's stock price as it indicates a potential slowdown in the company's growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100